Birdwatch Note Rating
2024-04-26 09:14:06 UTC - HELPFUL
Rated by Participant: A417B3C8181D5483E0C5C8488AA25743B1C32EADA9B02DC5B4F591739B2BA9FF
Participant Details
Original Note:
The UK Treasury has been freezing the Personal Tax Allowance last year and this. Because inflation grows, in real terms the PTA is falling. That’s a tax rise commonly known as fiscal drag. It cancels out much of the National Insurance Cut. Explained here: https://researchbriefings.files.parliament.uk/documents/CBP-9687/CBP-9687.pdf
All Note Details